Articles
Insurance
Specialty insurer Beazley plans to split its specialty lines division into specialty (casualty) and TMB (cyber / management liability), according to Jefferies analysts who welcomed the move given the differing growth profiles and profitability. 31 May 2018
Insurance
American International Group (AIG) is carrying a “modest” $17m excess reserve cushion, the first redundancy since 2010, according to Morgan Stanley research. 31 May 2018
Insurance
Bermuda-based Hamilton Insurance Group has appointed Brenton Slade as senior vice president of Hamilton Capital Partners, a new business unit that will be tasked with the development of the company's capital management capabilities. 31 May 2018
Insurance
AmTrust Financial Services has informed shareholders that "a representative of the company will count the votes and act as an inspector of election" at the company's special meeting next week, which means that the company will act as judge and jury of the shareholder vote on June 4, according to activist investor Carl Icahn. 31 May 2018
Insurance
Managing general agents (MGAs) remain a vital part of the rich tapestry of the London Market. In this report, we gathered the results of the 60 biggest MGAs in the London Market, examining their growing affinity with insurance and grilling a few on their outlook and plans for the coming years. 30 May 2018
Insurance
Wu Xiaohui, the former chairman of Anbang Insurance Group, has appealed his conviction for fraud and embezzlement, the Financial Times reported on May 30 citing his lawyer. 30 May 2018
Insurance
New Zealand-based Tower has been impacted by severe and unprecedented weather and a settlement of a Peak Re dispute resulting in a half year loss of NZ$11.6 million ($8.04 million) for the half year ended March 31, 2018 compared to a loss of NZ$8.2 million in the same period a year ago. 30 May 2018
Insurance
Advisory firm Egan-Jones has joined Glass Lewis in recommending that AmTrust Financial Services stockholders vote "FOR" the company's merger agreement at the special meeting of stockholders on June 4, 2018. 30 May 2018
News
Berkshire Hathaway became the world's third-largest reinsurer in 2017 driven by the $10.2 billion American International Group (AIG) deal, pushing Hannover Re and SCOR to fourth and fifth place, respectively, according to S&P Global Market Intelligence. 29 May 2018
Insurance
French insurer AXA has designed a new car insurance cover in collaboration with ridesharing platform BlaBlaCar. 29 May 2018
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